Classic brands often blame millennials for sales downturns, but the younger generation is giving Gucci a sensational boost. This could assure the luxury goods maker years of growth, or leave it grumbling like everyone else about that fickle group. Third-quarter numbers last week confirmed an unprecedented turnaround. Comparable sales at Gucci rose 49% compared with the previous year, up from 43% growth in the first half. In the first quarter of 2016, growth was just 3% after a tough few years.

Source: Wall Street Journal October 29, 2017 13:52 UTC